AmeriGas Partners today placed a $525 million offering of 10.25-year bullet notes at the wide end of talk, sources said. Bookrunners for the SEC-registered deal were J.P. Morgan, Wells Fargo, Bank of America Merrill Lynch, and Citigroup. Proceed will be used to back a tender offer for the company’s 7% notes due 2022. In December, the company printed $700 million of 5.5% notes due 2025, also to back the redemption of the 7% notes due 2022. King of Prussia, Pa.–based AmeriGas (NYSE: APU) distributes propane and related equipment and supplies in the U.S. Terms:
|Maturity||May 20, 2025|
|Call||non-callable for life|
|Trade||Feb. 6, 2017|
|Settle||Feb. 13, 2017|
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